We all know the resource sector is what is driving the Australian economy at the moment but when that ends and it could a long while off yet. What is going to be the main driver of the economy? Will it be the biotech sector? Years ago most Australian biotechs had products in early stage development. A lot of them are now in the later stages of development and looking for approvals. What I am thinking is that as the resource sector cools off in the future aussie will be receiving their approvals and starting to generate cash.
